Thursday, July 28, 2011

Telefónica España Wins 70 MHz in Spectrum Auction

Telefónica Spain was the winning bidder on five blocks of frequencies (70 MHz total) in the spectrum auction conducted by Spain's Ministry of Industry, Tourism and Trade. This includes 2x10 MHz in the 800 MHz band, which the company plans to use for a nationwide LTE network. Additionally, Telefónica has secured 2x5 MHz in the 900 MHz band and 2x20 MHz in the 2.6 GHz band, enabling other broadband wireless services.

Telefónica bid 668 million euros, payable in two installments, September 2011 (53%) and June 2012 (47%). The spectrum licenses extends to December 31, 2030.

Telefónica España said it looks forward to launching LTE in September 2011.